Short Trade Ideas Category Updated

In updating the trade ideas today, the following Short Trade Ideas have either hit their final profit target, were stopped out as per the previously suggested stop criteria (SOAPSC) or no longer look attractive from a risk/reward perspective. Some of these stopped out short trades hit one or more profit targets before reversing & exceeding their suggested stop while others failed to reach any downside profit target. As always, all completed trade ideas on RSOTC are archived indefinitely under the Completed Trades category for future reference. AON: Dropped 10% following the short entry before reversing just shy of the T1, the [...]

2017-03-08T21:20:42+00:00Dec 8, 2014 10:51am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , |Comments Off on Short Trade Ideas Category Updated

FISV Short Trade Additional Price Target Added

The previously posted FISV (Fiserv Inc) short trade setup broke down below the daily uptrend line last Tuesday & went on to print a weekly close below the ascending price channel on the weekly chart last week, a more powerful, longer-term sell signal. With prices still in close proximity to the breakdown, this trade still has plenty of meat on the bone & still offers an objective short entry around current levels. I've added one additional price target at 59.34 (actual support around 59.30) & have re-sequenced the previous two targets as T2 & T3. Suggested stops would be based on [...]

2014-10-13T15:43:14+00:00Oct 13, 2014 3:43pm|Categories: Completed Trades - Short|Tags: |Comments Off on FISV Short Trade Additional Price Target Added

FISV Short Trade Setup

FISV (Fiserv Inc) will trigger a short entry on a break below this 3 year primary uptrend line/bearish rising wedge pattern. T1 (1st target) is 54.38 & T2 (the final & preferred swing target) at 48.05. Stops to be determined upon entry but my expectation is that a breakdown of this pattern is imminent at this point and if so, my likely stop would be just over the recent highs of 66.11. If FISV were to trigger a short entry soon, this trade would offer a very attractive R/R of about 5:1 to the final target and 3:1 to the first [...]

2014-10-13T10:14:12+00:00Sep 26, 2014 10:27am|Categories: Completed Trades - Short|Tags: |Comments Off on FISV Short Trade Setup

Next Sell Signal On FISV Pending

FISV (Fiserv Inc) was added as both an Active Short Trade as well as a Short Setup near the top of its bearish rising wedge pattern in this post on July 23rd. As expected, the stock moved lower from that point and has recently been tapping on the bottom of the wedge pattern, which is also the bottom of this much larger ascending price channel as viewed on the weekly chart below. I wanted to point this out as a break below that multi-year uptrend line (bottom of the wedge & the price channel) will trigger the next entry on what [...]

2017-03-08T21:20:51+00:00Aug 7, 2014 3:18pm|Categories: Completed Trades - Short|Tags: |Comments Off on Next Sell Signal On FISV Pending

FISV Short Entry & Trade Setup

FISV daily July 22nd FISV will be added as an aggressive short entry here around the 62.40 level (current price is 62.42 as I type) near the top of this wedge pattern as well as a Trade Setup for a more conventional entry or add-on to an existing position if/when prices break below the bottom of the pattern (primary uptrend line). Suggested stop for this aggressive entry above 64.00. My plan is to take a partial position here, only bringing to a full position if & when prices break below the pattern. Note: FISV is schedule to report earnings [...]

2017-03-08T21:20:52+00:00Jul 23, 2014 1:21pm|Categories: Completed Trades - Short|Tags: |Comments Off on FISV Short Entry & Trade Setup